FSMDX vs. FLAPX
Compare and contrast key facts about Fidelity Mid Cap Index Fund (FSMDX) and Fidelity Flex Mid Cap Index Fund (FLAPX).
FSMDX is managed by Fidelity. It was launched on Sep 8, 2011. FLAPX is managed by Fidelity. It was launched on Mar 9, 2017.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FSMDX or FLAPX.
Performance
FSMDX vs. FLAPX - Performance Comparison
Returns By Period
The year-to-date returns for both stocks are quite close, with FSMDX having a 18.51% return and FLAPX slightly lower at 18.47%.
FSMDX
18.51%
1.43%
10.26%
31.21%
10.08%
9.07%
FLAPX
18.47%
1.41%
10.29%
31.19%
11.28%
N/A
Key characteristics
| FSMDX | FLAPX | |
|---|---|---|
| Sharpe Ratio | 2.31 | 2.31 |
| Sortino Ratio | 3.19 | 3.20 |
| Omega Ratio | 1.39 | 1.39 |
| Calmar Ratio | 1.83 | 2.11 |
| Martin Ratio | 13.20 | 13.12 |
| Ulcer Index | 2.31% | 2.32% |
| Daily Std Dev | 13.22% | 13.21% |
| Max Drawdown | -40.35% | -40.31% |
| Current Drawdown | -2.53% | -2.51% |
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FSMDX vs. FLAPX - Expense Ratio Comparison
FSMDX has a 0.03% expense ratio, which is higher than FLAPX's 0.00% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Correlation
The correlation between FSMDX and FLAPX is 1.00, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
FSMDX vs. FLAPX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Mid Cap Index Fund (FSMDX) and Fidelity Flex Mid Cap Index Fund (FLAPX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
FSMDX vs. FLAPX - Dividend Comparison
FSMDX's dividend yield for the trailing twelve months is around 0.96%, less than FLAPX's 1.24% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSMDX Fidelity Mid Cap Index Fund | 0.96% | 1.39% | 1.59% | 1.10% | 1.37% | 1.42% | 1.85% | 1.32% | 1.35% | 2.29% | 3.82% | 2.74% |
FLAPX Fidelity Flex Mid Cap Index Fund | 1.24% | 1.48% | 1.63% | 1.06% | 1.34% | 1.39% | 1.84% | 0.38% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
FSMDX vs. FLAPX - Drawdown Comparison
The maximum FSMDX drawdown since its inception was -40.35%, roughly equal to the maximum FLAPX drawdown of -40.31%. Use the drawdown chart below to compare losses from any high point for FSMDX and FLAPX. For additional features, visit the drawdowns tool.
Volatility
FSMDX vs. FLAPX - Volatility Comparison
Fidelity Mid Cap Index Fund (FSMDX) and Fidelity Flex Mid Cap Index Fund (FLAPX) have volatilities of 4.26% and 4.24%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.